A guide to simulation (2nd ed.)
A guide to simulation (2nd ed.)
Principles of Discrete Event Simulation
Principles of Discrete Event Simulation
Simulation Modeling and Analysis
Simulation Modeling and Analysis
Interactive analysis of simulation output by the method of batch means
WSC '79 Proceedings of the 11th conference on Winter simulation - Volume 2
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Nonoverlapping batch means (NOLBM) is a well-known approach for estimating the variance of the sample mean. In this paper we consider an overlapping batch means (OLBM) estimator that, based on the same assumptions and batch size as NOLBM, has essentially the same mean and only 2/3 the asymptotic variance of NOLBM. Confidence interval procedures for the mean based on NOLBM and OLBM are discussed. Both estimators are compared to the classical estimator of the variance of the mean based on sums of covariances.